Are You Buying?

Yes, Angel, the dollar is rising and some of that seems to be due to Europeans selling Euro denominated assets and buying dollar denominated assets. Watching this is like seeing someone run out of a house that is 1/2 engulfed in flames and into the house next door that is only 1/3 engulfed in flames. Better perhaps but certainly no cure!

I am not buying gold. Gold is to rich for me for the time being. I have been buying silver and coins though. I break my purchases up into different categories.
1. Bullion. Regular silver rounds. Grab some when the price goes down.
2. County Bullion. Eagles, Britannias, Pandas, Maples, etc.
3. American Coins. I usually rotate between modern and classic.
4. World coins. Once again I rotate between modern and classic.
Using this method I have amassed a small collection with plenty of diversity. I am doing this for fun and as an investment, but with out any plans of selling anything. More a pass it on to the children type thing. PM and coins go in cycles. I remember when the numismatic market when bust a number of years ago because everybody thought they were a good buy for retirement accounts and what not. People lost a lot of money in that whole thing. That is why I am diversifying.

Why is gold to rich? I don't understand that one bit. The fractional 1/10 is cheap and if you look around you can even get the AGE 1/10 at spot. What you need to do is stop at some small shows where the small part time dealers are not trying to get current price plus spot. Many times these guy have made money on the current spot price and will let them go at spot.

Then there are those Mexican Peso's or what ever they call them for around $80.

Gold usually takes the biggest leap so if your speculating and you are I think it is worth the spread of risk.

i agree with mkfarm. Au is not expensive if you buy in smaller quantities. $50 worth of gold is $50 worth, just as much as $50 is silver. Reasonable premiums don't even matter because you will be able to sell for as much.



That's not bad at all for a full ounce of gold panda. Just be careful that it's not a fake. I was really into pandas until the effort of weeding out the fake coins and convincing buyers that I'm selling the real deal got to be more chore than fun.
Another tip from a fellow starter. Be cautious of the percentage of your available income your toss into silver. There is terrific potential in the growth of silver but if you can't afford to wait out one the dips, which can last months to a year, then you will stand to loose.

Jenger-

You're young. Worst case scenario, you screw up royally and declare bankruptcy. You still have decades to learn from your mistakes and recover.

I figure as long as I file around 25, i'll be cool. It takes what, 7 years to get it cleared from your credit history? 32 isn't too late to start over. =D

lol I was being sarcastic / funny.. guess I ain't so good at that!

NO, I do not plan on bankruptcy. At the moment, I am pretty well off with my finances / bills. I am 22, self employed (family business that I work my a$$ off for) I owe about $1200 in CC debt, no other debt. I bring in about $400 - $700 per week and my expenses are about $400 - $500 / month.

Yup! I hope to god that I will never have to be in that position.. I have really bad credit though. I was really immature and I was somehow able to get 3 credit cards @ 18 years old. All of which I maxed out almost instantly. Still paying them off actually (the $1200.. $800 on one card, $400 on the other) and I get raped with interest because of it! They hit me with a 29.99% APR! Ughhhhh..